IPOs Filed: None of note.
Secondaries Priced: HQY PING TPB RVMD of note.
Notes Priced of note: None of note.
Common Stock filings: OTIC TPB GLG NCLH of note.
Mixed Shelf Offerings: GLG IFRX ALPN ARDX of note.
Convertible Offering Files: of note.
Senior Notes Filed: None of note.
Earnings After The Close:
None of note.
BBBY (0.65) of note.
Hourly Action This Past Week: Updated 7/7 Close
News After The Close (In Order)
Costco (COST) saw sales rise 14.4% for 5 weeks ended 7/5.
Bed Bath & Beyond (BBBY) to close 200 stores as sales down 50%.
Saratoga Investment (SAR) reinstates dividend.
Ivy League cancels fall sports season.
Stanford cancels 11 out of 36 sports due to impact of Covid-19.
Raises Guidance: VERI TPB PTC
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding.
S&P 500 +9 Dow Jones Industrial Average +24 NASDAQ +78 Russell 2000 +7.2. Fair values are lower. Asia higher and Europe mixed. $VIX is lower at 27.77.
Gold lower with silver and copper higher. WTI Crude Oil lower and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $139.19 unchanged with yields at 0.651%.
Positive Sectors On Tuesday: Consumer Cyclical, Technology and Financials of note.
Negative Sectors On Tuesday: Real Estate and Consumer Defensive of note.
One Month Winners: Technology. Materials and Consumer Cyclical of note.
Three Month Winners: Consumer Cyclical, Technology and Materials of note.
Six Month Winners: Technology and Consumer Cyclical of note.
Twelve Month Winners: Technology, Healthcare, Consumer Cyclical and Communication Services of note.
Year to Date: Technology, Consumer Cyclical, Healthcare and Communication Services of note.
Gap Up: OPTN +22%, CDXC +19%, APDN +15%, VERI +15%, ANAB +14%, SAP +7%, UMC +5%, PTC +5%, NKLA +4%, CRNX +4%
Gap Down: OTIC -10%, BBBY -9%, GLG -6%, TPB -4%
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: PSMT WDFC of note.
Friday Before The Open: GBX of note.
Earnings This Morning Of Note
HELE +1.04 of note.
WBA (0.39), AZZ (0.26) of note.
Still to Report:
Rags & Mags: Highlighted Stories may be clicked through to the original story.
5 Things To Know To Start Your Day. (Bloomberg)
Today is the last day the Supreme Court will issue opinions for the current session before it goes on break until October. A ruling is expected on the president’s tax case that is before the court. (CNN)
Stock Index Tracking
Current through 7/8 close.
Bold means a change from prior day.
Algo/HFT Trading Levels:
The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Updated through 7/8 close. EVL Ranges continues to expand again with the recent action. The Erlanger Value Line are available in Bloomberg for your review. Simply visit the Bloomberg App store at APP(GO).
Weekly Jobless Claims are due out at 8:30 a.m. EDT.
Natural Gas Inventories are due out at 10:30 a.m. EDT.
$19 billion of 30 Year Treasury Note Auction at 1:00 p.m. EDT.
Geopolitical & Related
President Trump will hold a roundtable with Hispanic Leaders at 2:15 p.m. EDT and then at 3:00 p.m. EDT sign an Executive Order White House Hispanic Prosperity Initiative.
Meetings, Calls & Conferences
HPE CHFS CYCN (Webcast)
Industry Conferences: International AIDS Conference (7/6-7/10)
Upgrades & Downgrades
Updated Through 8:55 a.m. EDT.